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The game in the crude oil market is in a white-hot stage! In recent days, major oil consumers have urgently released crude reserves to cool the market, and investors are waiting for how major oil producers will respond
.
On November 25, international oil prices were mixed, and at 16:33 Beijing time, NYMEX crude oil futures fell 0.
09% to $78.
32 / barrel; ICE Brent crude futures rose 0.
11% to $81.
13 a barrel
.
However, as of 18:22 on the same day, the main US crude oil closed down 0.
55% at $77.
96 / barrel; Brent crude closed down 0.
51% at $80.
64 a barrel
.
"At present, OPEC has a very hawkish attitude, and it is expected to adjust the production increase plan accordingly at its December meeting, which will bring global crude oil supply back to a tight balance
.
" Huang Zhen, a senior researcher of the new century futures assets, pointed out
.
It is worth noting that many institutions believe that the final outcome of the game war between oil consuming countries and oil producing countries may depend on Iran
.
Goldman Sachs said OPEC has no incentive to actively increase oil supplies, and if Iran does not return to the oil market, oil prices may soon rise above $
90.
UBS believes that OPEC may not increase production by 400,000 b/d in January, and that releasing the strategic oil reserve will not solve the imbalance caused by insufficient investment and still rising demand
.
